Around the Net
Chinese Online Video Firm To Acquire Rival
- All Things D , Tuesday, March 13, 2012 3 AM
Youku Inc. is set to buy Tudou Holdings Ltd., in a stock-for-stock transaction that will make them dominant, with more than a third of the online video advertising market. Under the terms of the agreement, Youku shareholders and ADS holders will own approximately 71.5% of a newly combined entity, Youku Tudou Inc., and Tudou shareholders and ADS holders will own 28.5%. Together, the companies would control more than a third of China’s online video advertising market.
